A company’s externalities have, historically, had little or no impact on its cash flows or risk profile. For this reason, externalities have been largely excluded from the measurement of corporate value.

Sensing an opportunity with the transposition of the AIFMD into national law in July 2013, Luxembourg has had the foresight to build added-value into the legislation by introducing favourable measures for the establishment of fund raising vehicles.

The participation exemption is one of the most important features of the Luxembourg tax system. It provides a 100% exemption on dividends and capital gains which stem from equity investments. The brochure explains the rules in detail.

We seek the facts and provide insights. KPMG Luxembourg organises thought leadership events relevant to the needs of our clients. Find out more about our Events & Seminars below. We are looking forward to meeting you.

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KPMG Insurance System Survey 2012-2013

Some 20 years ago, KPMG Luxembourg started to conduct a regular survey of the systems in the IT landscape of the financial sector in Luxembourg, acknowledging at that time that IT was a major enabler of the development of our financial marketplace. Eighteen editions of the survey later, the importance of IT in the sector has not reduced – to the contrary – and we still follow with passion the trends that the evolving landscape is creating year after year.

Starting with this edition, the section of the report dedicated to the insurance sector has been extracted in order to create a standalone survey. By doing so, KPMG is recognizing that the insurance sector, even though linked to the banking sector in Luxembourg, has a life of its own, driven by needs, constraints and objectives which may be different from those of the other financials sectors.

The following subjects are addressed in this edition:

General IT management aspects, mainly in the areas of human resources, IT priorities, business topics and budgeting

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